INCOME TAX PAID BY AUSTRALIAN BANK
COMPLAINT AGAINST NEW ZEALAND SYSTEM
SYDNEY, March 31. At the annual meeting of the Bank of Australasia the chairman (Mr D. F. Anderson), referring to the New Zealand income tax, said they expected to be called on to pay a tax exceeding 20/- in the £1 of profit made in New Zealand in the past year, the basis requiring payment of income tax on loss. This was unjust and unless it was altered they might find the income tax higher in a year in which there was a trading loss than in 1937-38. He added that he hoped the Government would decide during its promised investigation of the income tax system that the present basis was scarcely just. _____
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Bibliographic details
Southland Times, Issue 23782, 1 April 1939, Page 7
Word Count
124INCOME TAX PAID BY AUSTRALIAN BANK Southland Times, Issue 23782, 1 April 1939, Page 7
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